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SHA:601138

7 stories mentioning SHA:601138Updated 3d ago

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Asia

Foxconn Industrial Internet Buys Back Nearly 16 Million Shares

Foxconn Industrial Internet (SHA:601138) repurchased 15.8 million shares for 1 billion yuan, according to a weekend disclosure on the Shanghai bourse.The repurchased shares represent 0.08% of the communication network company's total shares.The company paid between 59.91 yuan and 66.40 yuan per share for the buyback.

SHA:601138
Foxconn Industrial Internet's H1 Attributable Profit Nearly Doubles on AI Surge
US Markets

Foxconn Industrial Internet's H1 Attributable Profit Nearly Doubles on AI Surge

Foxconn Industrial Internet's (SHA:601138) attributable net profit jumped 96% to 23.7 billion yuan in the first half from 12.1 billion yuan a year earlier, according to a Wednesday filing with the Shanghai Stock Exchange.Earnings per share climbed 97% year on year to 1.20 yuan from 0.61 yuan.Operating revenue rose 55% to 557.9 billion yuan from 360.8 billion yuan in the previous year.Revenue from its main business jumped to 557.2 billion yuan from 360.1 billion yuan, while revenue from the company's other businesses inched up to 645.6 million yuan from 643.6 million yuan.Foxconn Industrial Internet's cloud computing business saw revenue grow about 76% year over year, with artificial intelligence-related businesses contributing highly to the increase, the company said in its filing.Cloud service provider AI server revenue increased 2.3 times yearly, while GPU AI cabinet shipments grew 3.2 times. ASIC AI cabinet shipments jumped threefold, and ASIC CPU server shipments expanded 2.5 times during the period.The company also cited improvements in its automation process, while its communication and mobile network equipment segment also saw steady revenue growth.Operating costs jumped 53% year over year to 518 billion yuan from 336.9 billion yuan.

SHA:601138
Asia

Update: Foxconn Industrial Internet's H1 Profit Jumps 96%, Revenue Rises 55%

(Updates the name of the company in the headline)Foxconn Industrial Internet's (SHA:601138) net profit attributable to shareholders in the first half jumped 96% to 23.7 billion yuan from 12.1 billion yuan a year earlier, according to a Shanghai bourse filing on Wednesday.Earnings per share climbed 97% year on year to 1.20 yuan from 0.61 yuan.Operating revenue rose 55% to 557.9 billion yuan from 360.8 billion yuan in the previous year.

SHA:601138
Asia

Foxconn's H1 Profit Jumps 96%, Revenue Rises 55%

Foxconn Industrial Internet's (SHA:601138) net profit attributable to shareholders in the first half jumped 96% to 23.7 billion yuan from 12.1 billion yuan a year earlier, according to a Shanghai bourse filing on Wednesday.Earnings per share climbed 97% year on year to 1.20 yuan from 0.61 yuan.Operating revenue rose 55% to 557.9 billion yuan from 360.8 billion yuan in the previous year.

SHA:601138
Asia

Foxconn Industrial Internet to Repurchase Shares for Up to 2 Billion Yuan

Foxconn Industrial Internet (SHA:601138), a subsidiary of Hon Hai Precision Industry (TPE:2317), plans to repurchase its shares ranging from 1 billion yuan to 2 billion yuan, using its own funds, according to a Monday filing to the Taiwan bourse.Foxconn's shares were down over 2% in Tuesday's trade.The repurchase will be conducted through centralized bidding, and the price will be capped at 103 yuan per share, said the contract manufacturer of AI servers.The repurchase will be carried out within three months after receiving the board of directors' approval.

SHA:601138TPE:2317
Asia

Foxconn Industrial Internet Expects Up to 101% Surge in H1, Q2 Profit

Foxconn Industrial Internet (SHA:601138) expects its net profit attributable to shareholders to surge between 93% ad 101% year over year in the first half of 2026, according to a Friday filing with the Shanghai Stock Exchange.The company estimates H1 net profit will range between 23.4 billion yuan and 24.4 billion yuan, compared with 12.1 billion yuan the previous year.It attributed the anticipated increase to strong revenue from its cloud service provider artificial intelligence servers and expanding market share.The electrical equipment manufacturer's second-quarter attributable net profit is expected to jump between 86% and 101% to between 12.8 billion yuan and 13.8 billion yuan.

SHA:601138
Asia

Foxconn Industrial Internet's Q1 Profit Doubles; Revenue Misses Estimate

Foxconn Industrial Internet (SHA:601138) reported a 109% jump in net profit in the first quarter to 10.6 billion yuan from 5.23 billion yuan, according to a Shanghai Stock Exchange filing on Wednesday.Earnings per share doubled to 0.53 yuan from 0.26 yuan, missing the median forecast of 0.64 yuan by analysts polled by Visible Alpha.Revenue surged 56.5% to 251 billion yuan from 160 billion yuan, also missing the Visible Alpha estimate of 271 billion yuan.The electrical equipment manufacturer attributed the revenue growth to the continued surge in demand for AI computing power, as well as the steady increase in market share of its major clients.

SHA:601138

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